rather than pick out individual stocks to trade, it can often be worthwhile to trade the indices themselves, especially in times of high volatility.

for those so inclined, i attach below charts for FTSE and FTSE 250, though one might equally be tempted to trade Dow or S&P, which is significantly broader in its coverage, or even NASDAQ

for ease of reading, i have attached 1 year and 3 month charts in each instance

The odds must be for no change today I would have thought ??

One position this morning, a short which I closed for 2 point loss, never mind. FTSE seems to want to go higher in short term, ahead of BOE decision, would guess rate will remain the same.

Will look again after the announcement.

Back to grouting my patio, can't let the missus have all the fun!

well I have just taken a small short on the Ftse at 6250 (again) in anticipation of no change ??

Miners and oils super strong. Rio bordering on the 65 resistance. FTSE seems to be getting ever stronger against the Dow until commodities have another wobble

Evening all, with the BoE quartery inflation report out Wednesday I decided to go short on the FTSE rolling bet, have 2 rolling bets also on Wall St both short and a buy June Future for EUR/USD, I figure a correction to past weeks is inorder. Thinking of playing GBP/JPY also on a future as no rate cut today, 206-208 I think we'll return to, the pair to me has fallen to quickly too soon as did indicies seeing a correction at curent levels. Swiss Franc also looks interesting against sterling, the rot that was has been fought off but maybe this is a little high at the moment.

still running with my FTSE short from 6250 - so far ok !

Looking at DOW futures it should help your short, just below the support of 12800. I was going to open a modest long on FTSE this morning, but have changed my mind to a short after looking at the DOW and Asia.

I know FTSE is stuffed with oilies and miners, but I'm still surprised at how strong it has been when compared with DOW.

Heres hoping to a gentle trending down day.

opened a short at 6237

Hope you are lucky - cos if you are - so will I

closed short for 31 points, looks like you're lucky too.

may look later for another entry.

Yep - just closed at 6195

looks like it will continue to fall so back in @ 6190

.and out at 6175

Gone long at 6180

Ftse pausing - waiting to decide which way to go ??

out at 6190 - short again at 6190 - this might just be pushing my luck

I'm feeling dizzy looking at those trades, nice bit of scalping.

Going to be boring and will trade again Monday if my indicators are indicating, if you follow my meaning.

Might be possible that the support at 12800 which gave up the ghost this morning might now be resistance, wait and see :)

Well done BHunt I managed to get out of one of my shorts, still the very very short one to go. At least it's heading in the right direction now but for how long?

Quite a good rhetoric re oil on
http://market-ticker.denninger.net/